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Oil: Prices unscrew, at their lowest for three months

20/08/2021
Categories: Raw materials

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Oil prices fell further on Thursday, returning to comparable prices at the end of May, under the combined effect of fears for crude demand and a healthy dollar.

A barrel of Brent North Sea oil for October delivery fell 2.60% or $1.78 to $66.45 in London from the previous day's close. In New York, the US barrel of WTI for the month of September fell 2.70% or 1.77 dollars to 63.69 dollars. After this sixth consecutive session of decline, the two reference prices on both sides of the Atlantic fell back to price levels more seen since May 21. They are yielding about 8% since the start of the slide last Thursday.

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